The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1887-04-23
BUSINESS REVIEW
OF tho Past week-The Disturbing Inau.
ences In Trade, n1t ~

! NEw YORK, April OR. G. Dun
Co.'s weekly review Of trade says: I'm
usual weather hinders trade. EXTENSIVE
snow storms late In April with strips an,
patches Of snow still on the ground at thi
date around New York account for n,
littleembsrrassment in the various branch
es Of business. It isa compensating fac
thatthe long drouth at the West Is broken
and the copious rains help uthe crop pros
pect. But the outlook Of dry goods Il
especially affected by the unreasonable
weather, which adds to the apparsn. do,
preston caused by unwonted purchases
OF stocks Last month in order TO anticipate
changes Of rates.
The market for woolons drags, and is
unsatisfactory, and while cotton staples
are firm, print cloths are weaker. Raw
cotton doeu not advance, though receipts
are small and wool has been weak, though
tho hope is expressed that the bottom has
been reached. -
Iron is dull at Philadelphia with prices
oil some grades marked down there and at
Pittsburgh; bar iron Ia lower and the an i.
tire market Is feverish with symptoms Of
weakness.
Wheat is held by a reported corner, but
scarcely advanced cent.
Pork products arc little weaker and
oil 10 dull. -
Coffee has been suddenly advanced A
cent by speculative methods.
Leather is in better demand and boot
and shoe orders arc decidedly i'm.
proved. The rubber market la excited.
Stocks have turned downward with an
average decline for the week OF half a dol.
lar per share.
Formuchof the embarrassment, changes
in the rail rates under the Interstate act
is responsible. Many think as the Com.
mission apparently does, that railroads
have made the law an excuse for unnec.
essary advances In rates, but the broad
fact remains that tho great part of the
buainess OF the country has been built up
under system OF special rates to encour-
age especial localities or trades. Tho
chief intent OF the act is to prohibit such
special favors. An inevitable result ia
that industries and business ut a great
number OF places are disturbed.
Foreign and interior trade continues
fairly active. Exports from New York
chow an increase OF II per cent over last
year, but are declining, against IN in.
crease OF "a per cent in imports with an
advancing tendency.
At some Southern points business ia 40
dull that the country merchants in un.
usual numbers aro asking extensions, but
collections generally are fair and prompt,
Money would be very abundant but ior
extraordinary demands in real estate
speculation and building. At New York
alone plans have been filed in three
months calling for an expenditure OF S22,-
5OO,0O0 in building. and the mortgages
amount to s35,600,000 for q quarter. at
the same rate throughout the country
the new: mortgages would aggregate So
0o0 ,O0, ,00o. and new buildings would cost
ST ,400,0000G0.
A Chicsgo journal reports 81 ,347 miles
oil new railway building proposed for the
year and is, $50 miles OF track to be relaid,
which would coat over s600,OOO,O 900. With
such demands it is not strange that any
disturbance in the usual trade and pro.
ductive industry OF the country ia felt.
Business failures during the last seven
days number in the United States III,
Canada Is; against a total OF 175 laBt week
and l9ithe corresponding week last year.